{"id":132314,"date":"2024-09-23T09:02:32","date_gmt":"2024-09-23T09:02:32","guid":{"rendered":"https:\/\/kinesis.money\/?p=132314"},"modified":"2024-09-23T09:02:32","modified_gmt":"2024-09-23T09:02:32","slug":"silver-surfs-reflation-wave","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pl\/market-analysis\/silver-news\/silver-surfs-reflation-wave\/","title":{"rendered":"Silver Surfs the Reflation Wave"},"content":{"rendered":"\n

Silver ended the week on bullish form with the metal closing above $31\/toz<\/a> for the first time since 16 July, propelled by the same combination of lower US rates and weaker US dollar that has helped gold to fresh all-time highs. <\/p>\n\n\n\n

The global reflation theme – to which silver is more directly exposed – also received a further boost on Friday when the South African Reserve Bank chose to exploit the room created by lower US rates, to also cut rates. <\/p>\n\n\n\n

\"\"
KAG\/USD 1-hourly Kinesis Exchange <\/figcaption><\/figure>\n\n\n\n

Meanwhile, the Bank of Japan struck a less hawkish note in the face of the stronger Yen\/weaker dollar. The global rate cycle is clearly accelerating and upcoming announcements and guidance from global central banks will remain a key focus for silver investors going forward. Silver starts the week trading at $30.9\/toz<\/p>\n\n\n\n

In the meantime, the demand picture for silver appears somewhat mixed. While the most recent CFTC Commitments of Traders Report suggests that investor demand for silver via net speculative long futures positions has returned to elevated levels, ETF\/ETC funds have recently seen outflows with clear price sensitivity above $29\/toz. Incoming data suggests that industrial growth is soft, although the downside is limited as the silver market is still expected to remain in structural deficit in 2024 on lower supply.<\/p>\n\n\n\n

Silver\u2019s technical position suggests that minor ascending oblique resistance now at $30.76\/toz has been negotiated. A sustained move above major descending oblique resistance now at $30.86\/toz is required to exceed the 11 July high at $31.75\/toz while proximate support is present by minor descending oblique at $29.78\/toz and the rising 20-day Simple Moving Average at $29.48\/toz. Momentum is strong, but not quite at overbought levels.<\/p>\n\n\n\n

Upcoming events for silver investors include September Flash Eurozone, UK and US Manufacturing PMIs on 23 September and September Flash Japan Manufacturing PMI on 24 September.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Mike<\/a> is a market strategist and media commentator with 30 years of experience analysing precious metals markets.\u00a0\u00a0\u00a0He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy.\u00a0\u00a0\u00a0During this time, he covered the gold, silver, platinum and palladium markets.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/em><\/p>\n

Read our Editorial Guidelines\u00a0here.<\/a><\/em><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Silver ended the week on bullish form with the metal closing above $31\/toz for the first time since 16 July, propelled by the same combination of lower US rates and weaker US dollar that has helped gold to fresh all-time highs. <\/p>\n","protected":false},"author":51,"featured_media":132423,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[91,214],"tags":[],"class_list":["post-132314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-silver-news"],"acf":[],"yoast_head":"\nSilver Surfs the Reflation Wave | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Surfs the Reflation Wave\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-23T09:02:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mike Ingram\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Surfs the Reflation Wave\" \/>\n<meta name=\"twitter:label1\" content=\"Napisane przez\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Ingram\" \/>\n\t<meta name=\"twitter:label2\" content=\"Szacowany czas czytania\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minuty\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/\"},\"author\":{\"name\":\"Mike Ingram\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"headline\":\"Silver Surfs the Reflation Wave\",\"datePublished\":\"2024-09-23T09:02:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/\"},\"wordCount\":310,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-news-feature-silver-surfs-the-reflation-wave.jpg\",\"articleSection\":[\"Market Analysis\",\"Silver News\"],\"inLanguage\":\"pl-PL\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/\",\"name\":\"Silver Surfs the Reflation Wave | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-news-feature-silver-surfs-the-reflation-wave.jpg\",\"datePublished\":\"2024-09-23T09:02:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"description\":\"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#breadcrumb\"},\"inLanguage\":\"pl-PL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"pl-PL\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-news-feature-silver-surfs-the-reflation-wave.jpg\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/silver-news-feature-silver-surfs-the-reflation-wave.jpg\",\"width\":960,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-surfs-reflation-wave\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/pl\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Surfs the Reflation Wave\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pl-PL\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\",\"name\":\"Mike Ingram\",\"description\":\"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.\",\"url\":\"https:\\\/\\\/kinesis.money\\\/pl\\\/author\\\/mikeingram\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silver Surfs the Reflation Wave | Kinesis","description":"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"pl_PL","og_type":"article","og_title":"Silver Surfs the Reflation Wave","og_description":"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.","og_url":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/","og_site_name":"Kinesis","article_published_time":"2024-09-23T09:02:32+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","type":"image\/jpeg"}],"author":"Mike Ingram","twitter_card":"summary_large_image","twitter_title":"Silver Surfs the Reflation Wave","twitter_misc":{"Napisane przez":"Mike Ingram","Szacowany czas czytania":"3 minuty"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/"},"author":{"name":"Mike Ingram","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"headline":"Silver Surfs the Reflation Wave","datePublished":"2024-09-23T09:02:32+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/"},"wordCount":310,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","articleSection":["Market Analysis","Silver News"],"inLanguage":"pl-PL","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/","url":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/","name":"Silver Surfs the Reflation Wave | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","datePublished":"2024-09-23T09:02:32+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"description":"Discover Kinesis' silver news analysis for today, Monday 23rd of September 2024, from leading precious metals analyst Mike Ingram.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#breadcrumb"},"inLanguage":"pl-PL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/"]}]},{"@type":"ImageObject","inLanguage":"pl-PL","@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","width":960,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/silver-surfs-reflation-wave\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/pl\/"},{"@type":"ListItem","position":2,"name":"Silver Surfs the Reflation Wave"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pl-PL"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61","name":"Mike Ingram","description":"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.","url":"https:\/\/kinesis.money\/pl\/author\/mikeingram\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-news-feature-silver-surfs-the-reflation-wave.jpg","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/09\/silver-square-silver1-mon-1.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/posts\/132314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/comments?post=132314"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/posts\/132314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/media\/132423"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/media?parent=132314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/categories?post=132314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/pl\/wp-json\/wp\/v2\/tags?post=132314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}